River House Los Angeles 2970 Ripple Pl, Los Angeles, CA 90039
The L.A. Loft Blog is not affiliated with River House
Coming Soon – Now nearing completion, the new River House (formerly known as River Lofts) condominiums will be coming up for sale within the next few months.The project is expected to be much more affordable than lofts in Downtown Los Angeles. While the neighborhood does not have the walkability of Downtown, it does provide a somewhat scenic spot right on one of the most natural sections of the LA River. Instead of graffiti, the spot has water, trees, plants, fish and waterfowl.
Adding to the appeal of the neighborhood are the bicycle path (which is also a somewhat dangerous walking path as the adult bicyclists sometimes speed too fast next to pedestrians, children and pets.) As River House gets ready to start showing soon, the new Marsh Park is already complete next door. The neighboring park is a relaxing oasis with natural settings and exercise equipment. It also has an electric car charging station.
While the opportune river-side complex has a uniquely desirable location, yet suffers from an overall incomplete imagination (no river theme is carried out thus far), and many of the condo units have small windows, some of the units do offer larger windows and balconies facing the river, a rarity in L.A.
Bicyclists are sure to love it. It’s also near Elysian Park, Dodger Stadium, Chinatown, Downtown and Silver Lake.
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This blog post about real estate in Downtown Los Angeles will help sellers to get the most money for their property the fastest, allow buyers to get the best deals on the most awesome loft, condo or house and will tell renters how to access up to three times as many amazing homes for lease.
Before thinking about buying or selling a home in L.A., the first step is to get to know the market prices and selling times. You can receive information on what comparable homes have sold for in your neighborhood and which homes are currently listed, how long they have been for sale, and their prices. Based on this information, you will know what your home is worth. This Complete Confidential Market Analysis is absolutely FREE. For a Free, Quick Online Home Evaluation visit www.HomeEvals.com.
You can find out what the home down the street sold for. You can get a list of recent home sales and active listings in your area. Knowing what homes have sold for in your area, and how active listings are priced, is very important information when the time comes to put your home on the market. This information will give you a good idea of what your home might sell for if you were to put it up for sale in today’s market. This is critical information that you must have weeks before you put your home up for sale. To receive a detailed listing of all recent home sales and all active listings in your area, visit www.LALoftPrice.com.
Before considering what kind of home to buy, where and at what price, get a Distress Sales/Bank Foreclosures Hotlist. Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up. If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.
Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
You can request this free “Distress Sales and Bank Foreclosures Hotlist” by filling out the form on this page. Fill out the online form:
For Lofts and Condos For Lease in Downtown Los Angeles, click here.
Knowing what properties recently sold for in the neighborhood is a great way for sellers to know the approximate values of their homes. These comparables are a great way for buyers to know how much to budget for the the type of Downtown home that they might want to buy.
Find out what your neighbor’s loft sold for. Get a FREE list of recent condo sales in Downtown Los Angeles. Did you know what up to 45% of Downtown lofts sold in the last three years were off-market, unlisted and other pocket listings not on the MLS? To receive a detailed listing of all recent home sales and all active listings in your area, visit http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the form on this page.
Enjoy panoramic views in this sunny, fully remodeled upscale condominium with custom finishes in the famous Bunker Hill Tower building. Floor to ceiling windows give inspiring city views from the Downtown LA skyline to the Hollywood sign and Griffith Observatory. Beautiful hardwood flooring throughout, updated open kitchen with modern stainless steel appliances such as warming drawer and 11 ft long granite counter island, beautifully updated bathrooms with marble and granite counters, travertine flooring, glass shower doors, designer mosaic backsplash. Frosted glass closet doors.
Fantastic building amenities include subterranean parking (additional space avail.), gated guest parking, 24 hr security front desk concierge, 2 tennis courts, 2 fitness center gyms, resort style heated pool and outdoor space, hot tub spa, mens and women saunas, BBQ picnic area, rec rooms, large convenience store market, dry cleaner and hair salon. Walk to Disney Concert Hall, Dorothy Chandler Pavilion, Mark Taper Forum, Civic Center, Broad Museum, Financial District, Grand Park, Restaurants and Metro Station. Includes all utilities: electricity, air conditioning, heating, water, gas, cable TV, internet, trash, sewer. $3,100 VIDEO TOUR
Why are Arts District lofts sold so quickly? It seems like they sell before they are even listed. How are some buyers getting early access?
Today, there is not a single loft listed for sale in Downtown’s Arts District under $800,000. If a buyer wants a loft in the Arts District now, she believes that she will need to find a way to cough up around $850,000. But is she correct? Downtown Los Angeles is the new center of the universe, and the Arts District symbolizes the creative energy and renaissance in the form of genuine historic industrial live-work lofts. The good news: There IS a creative solution.
Today, Wells Fargo Securities Senior Economist Mark Vintner spoke on CNBC Squawk Box about how lenders are giving out plenty of pre-approvals, but the buyers are all bidding on the same properties. The inventory is too low in all popular neighborhoods nationwide. This is particularly true in the Arts District, where hundreds of buyers are seeking lofts. So, when a loft listing over 1,000 sq ft pops up on the MLS for less than $750,000, an instant bidding war is inevitable. Most will lose. But who will win the war? Being a cash buyer may not help.
The winner of the war will likely be the most informed buyers who nab a property before it is even listed to the public. Over the past 5 years, the winners have been the buyers who have purchased Barker Block, Beacon Lofts, Gallery Lofts, Barn Lofts, Toy Factory and Biscuit Company lofts when they were off market. Up to 45% of buyers bought pocket listings and other off-market properties. That number is expected to surpass 50%, which means that, if a buyer waits until an Arts District loft is listed publicly, that buyer will likely be too late. 95% of all prospective Arts District buyers will fail on the first attempt, and 85% of all who try to buy in the Arts District will never succeed. More and more often, the properties sell before the public ever sees the property listed on the internet. Why?
The real estate agent listing services such as The MLS, now place a 3-day delay in feeding the properties to popular real estate websites such as Trulia, Zillow and Redfin. This gives buyers who work with a real estate agent, a 3-day jump on property listings. Those working with agents can receive the new listing 3 days earlier, and buy the property before the internet-savvy crowd sees the property listed. But now, even they will be too late.
There is an even smaller group of Downtown buyers called “VIP Buyers” who can see properties before they are listed on the MLS. The VIP Buyers, who are getting privileged access to these pocket listings before agents get access to the listings on the MLS. Let me repeat that… the VIP Buyers get access BEFORE OTHER BUYERS, AGENTS AND BROKERS.
There are only a handful of Downtown Pocket Listings sources who provide the bulk of access to pocket listings, exclusive properties, private listings, unlisted properties and other off-market lofts in Downtown Los Angeles. The best part is that it costs nothing to gain this privileged access to proprietary information, and there is never any obligation to buy.
With it’s large population, nearby heavy industries and encircling freeways, Downtown Los Angeles is home to extreme pollution and severe health risks. Take a look at the Los Angeles Times Pollution Map, and you can see that Downtown is right in the middle of the very worst air pollution zone.
The American Lung Assn. says that the drought is making California’s air quality worse
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